Samsung to spend $230 billion on five fabs
Samsung Electronics plans to build five domestic wafer fabs costing 300 trillion won (about US$230 billion) over the next twenty years.
The investment will be part of a government plan to promote six key technology industries over the coming years. Besides semiconductors these are: rechargeable batteries, electric vehicles, robotics, displays and biotechnology.
A Samsung spokesperson confirmed the aggressive long-term plan to Nikkei on Wednesday. The spokesperson said that some fabs would be for memory and some for logic and some would be for internal use and some for Samsung Foundry, but that the exact breakdown had not been confirmed. The fabs are all set to be built in Gyeonggi Province, south of Seoul, and the investment would be concluded by 2042.
South Korea’s Ministry of Trade, Industry and Energy said that the five fabs are expected to drive a broad ecosystem, attracting 150 other companies, producing materials, providing equipment and designing chips.
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